The board of directors of NauticAWT Limited announced that the resignation of Mr. Lim How Teck, Mr. Tay Kee Liat and Mr. Teo Lek Hong as Independent Directors of the Company; the appointment of Dr. Chirasak Chiyachantana as Non-Independent Non-Executive Chairman of the Company; and the appointment of Dr. Kunchit Singsuwan, Dr. Aphichat Sramoon and Mr. Kenny Lim Yeow Hua as Independent Directors of the Company; The Board, having considered the Nominating Committee's recommendations, concluded that Dr. Kunchit Singsuwan, Dr. Aphichat Sramoon and Mr. Kenny Lim Yeow Hua have the requisite track record, qualifications and work experiences and is able to exercise objective judgement on the Company's affairs independently and has therefore approved the appointment of Dr. Kunchit Singsuwan, Dr. Aphichat Sramoon and Mr. Kenny Lim Yeow Hua as Independent Directors. The Board have also considered Dr. Kunchit Singsuwan, Dr. Aphichat Sramoon and Mr. Kenny Lim Yeow Hua to be independent for the purpose of Rule 704(7) of the Catalist Rules. The company also announced the cessation of Lim How Teck as Chairman and Chairman of Audit Committee and Member of the Remuneration Committee and Nominating Committee. Following the changes described above, the composition of Audit Committee comprises the following: Mr. Kenny Lim Yeow Hua (Chairman) - Dr. Kunchit Singsuwan and Dr. Aphichat Sramoon as members. Nominating Committee: Dr. Aphichat Sramoon (Chairman) - Mr. Kunchit Singsuwan and Mr. Kenny Lim Yeow Hua as members. Remuneration Committee: Dr. Kunchit Singsuwan (Chairman) - Mr. Kenny Lim Yeow Hua and Dr. Aphichat Sramoon as members.